-IndiaSpend.com More younger workers, and women, lost jobs and struggled to recover them. Even after employment rates recovered, quality of employment deteriorated, with individuals moving into less secure self-employment in agriculture, construction and small-scale trade. Bengaluru: The COVID-19 pandemic has delivered a large and sustained economic shock to the global economy. In India, the effect can be broadly divided into two phases--the shock of the nationwide lockdown in the months of April...
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The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida
-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...
More »Mysuru man builds houses with construction debris -K Rathna
-The New Indian Express Budget 2021-22: Rising poverty, falling health parameters, worsening educational outcomes, inadequate housing and widespread unemployment are the biggest challenges facing the Indian economy. MYSURU: From a distance, a house at Harthale, Nanjangud, looks like any other in the locality. But you step inside, and you will find recycled wooden windows and doors procured from demolished buildings, broken ceramics for surface, mud concrete blocks made out of building waste,...
More »Prison of Poverty: Agri Workers’ Wages Have Barely Increased in Modi Years -Subodh Varma
-Newsclick.in No scheme touches them, no law reaches them – but they hope that a better deal for farmers will benefit them. At the Ghazipur border between Delhi and Uttar Pradesh, Manish and a few of his friends have joined the farmers’ dharna only a few days back. They live in Baghpat district, barely a few dozen kilometres from the protest site but it could be another continent, or another age. “In the...
More »The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
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